Crypto News: UAE’s Digital Dirham CBDC Pilot Completes First Transaction in Under Two Minutes

The United Arab Emirates has completed its first transaction using the Digital Dirham, marking a major milestone in the country’s central bank digital currency (CBDC) initiative. According to an official announcement, the transaction was jointly executed by the Ministry of Finance and Dubai Finance as part of the pilot phase of the Digital Dirham project, using the mBridge government payment platform. Officials said the transaction represents a key step toward broader adoption of the national digital currency across both public and private sector operations. First Transaction Completed in Under Two MinutesDubai Finance’s Executive Director of Central Accounts, Ahmed Ali Meftah, said the transaction was designed to test operational readiness and ensure seamless technical integration between the Ministry of Finance and the Central Bank’s systems source: https://www.binance.com/en/square/post/32282199888953?utm_source=BinanceNewsRSS